Virology Market to Witness Significant Growth by 2025
by Susan Hill Business ConsultantThe global virology market is expected to witness significant growth over
the forecast period. Virology is the branch of Microbiology or Pathology.
Virology is the study of viruses, i.e. Submicroscopic, parasitic particles of
genetic material contained in a protein coat and virus-like agents. It focuses
on the structure, classification, evolution, Disease producing prosperities,
cultivation, and genetics of viruses. Viruses are responsible for various
diseases that must be controlled or developed. The viruses also have certain
beneficial properties that can be exploited for useful purposes such as gene
therapy or vaccinology.
The way of infection and exploitation host cells for reproduction, their
interaction with the host organism physiology and immunity, the diseases they
cause the techniques to isolate, and culture them, and their use in research
and therapy are the major driving factors of the market. Viruses are obligate
intracellular molecular parasites and do not reproduce by binary fission. In
general, viruses contain only one type of nucleic acid (either DNA or RNA) that
carries the information necessary for viral replication.
Public awareness programmers conducted worldwide on Flu, Zika virus,
STDs, AIDS, and Ebola virus are also a key factor increasing public awareness
and eventually influencing the market growth. The virology market is constantly
catering to the prevention and cure needs put forth by the healthcare sector.
However, several diseases continue to demand R&D of novel applications,
driving further growth of market. Various treatments and diagnostic processes
also employ virology applications, fueling the market growth.
Viral test helps to diagnose infection causing viruses. Viruses can be
diagnosed by different procedures such as cell
culture method, specific antibodies detection, antigen detection, virus
nucleic acid detection, gene sequencing and hemagglutination assays. Viral
infection can be controlled by immunoprophylaxis, antiviral chemotherapy, and
interferon. On the basis of product type the market is divided into Diagnosing
Test: DNA Viruses, RNA Viruses, Prions Diagnostic Test, and Other Viral Tests.
On the basis of diagnosis tests, hepatitis B, Hepatitis C, HIV, Human
papillomavirus (HPV), and other tests (like influenza, Ebola, and dengue) are
estimated to hold the largest market share globally during the forecast period.
Viral Infection controlling Methods include Immunoprophylaxis, Active
Prophylaxis (Vaccines), Passive Prophylaxis, Antiviral Chemotherapy (Veridical
Agents, Antiviral Agents, Immunomodulators), Interferon’s (Cytokines).
Immunoprophylaxis therapy and antiviral drugs are the fastest growing market
segments in the estimated forecast period.
Virology market is segmented By Applications into Skin and Soft Tissue
Infections, Respiratory Tract Infections, GI Tract Infections, Urinary Tract
infection, Eye Infections, Sexually Transmitted Diseases, Perinatal Infections.
STDs, Urinary tract infections, and respiratory tract infections are currently
dominating as compared to the other application types in the global market. On
the basis of end users, the market is divided into Hospitals, Clinics,
Laboratories, Diagnostic Centers, Blood Banks, Pharmacies.
Hospitals and the Laboratories are projected to continue the most
dominating end-use segments; which are accounting for almost half of the market
share globally. Virology market is segmented By Geographical Region into North
America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan,
Middle East and Africa. North America is the largest market which is led by the
U.S. owing to technological advancements such as the increase rapid, portable
diagnostics. North America is expected to retain the high market position over
the forecast period.
Europe is projected to maintain the position as the second largest market
globally during the forecast period. Europe is anticipated to record the
highest CAGR, which is attributed to enhanced healthcare infrastructure,
facilitated to diagnostics, and growing affordability of diagnostic tests for
viral diseases. APEJ and Africa are expected to witness the most promising
growth opportunities during the forecast period. China is leading APEJ market.
India holds considerable revenue share of the APEJ virology market.
The Key Players include GlaxoSmithKline plc, Abbott Laboratories, Boehringer Ingelheim Corporation, Merck and Co. Inc, Novartis International AG, Siemens, Johnson & Johnson, AstraZeneca AB, and Roche.
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Created on Apr 14th 2020 07:58. Viewed 490 times.